4. Explain with information, the seven sources of newly created opportunities.
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Answer:
The Unexpected, Opportunities frequently come from unexpected sources.
Industry and Market Disparities.
Incongruities.
Process Vulnerabilities.
Demographic Shifts.
Changes in Perception.
New Knowledge.
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The seven sources of newly created opportunities are:
- Seven sources of new opportunities were listed by Peter Drucker in his book “Innovation and Entrepreneurship.
Explanation:
- Next are his 7 sources of new opportunities.
- Unexpected: The market place is the first place to look for opportunities.
- Incongruity: There is a difference between what and what it should be.
- Process Need: The process requirement includes identifying the weak areas of your company's policy and repairing or redesigning them.
- Industrial and Market Structure Changes : Your industry and market are constantly changing.
- Demographics: We often see changes happening in people, in income levels, in people (education) and age groups.
- Changes in Vision, Meaning, and Attitude: Over time the number of people and people changes.
- New Information : As the pace of technological change grows there will be a growing number of opportunities that will open up.
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